The index provider will use the funds to develop new strategies for structured notes; latest proprietary strategy developed by the investment bank reaches US indexed annuities market.
MerQube, which offers technology for indexing and rules-based investing, has raised US$8m in funding. Laurion Capital Management served as the lead backer, with commitments also coming from Citi, J.P. Morgan, Morgan Stanley and UBS - this round follows the US$5 million Series A led by J.P. Morgan in October 2021. The funds will enable MerQube to “keep developing our platform in order to deliver the scale and answer our clients' growing and evolving needs, to attract talent, and